This is in his articleAn emerging rare earth success story
If Lynas is definitely not a small cap the next stock in terms of market value is also heading for the small cap exit.
In the same way Lynas leveraged its growth off a “China-dodging” deal with Japan, Australian Strategic Materials (ASX: ASM) is leveraging a similar deal with a consortium of Korean companies keen to secure their own supplies of rare earths.
The Koreans are paying US$250 million for a 20% stake in ASM’s Dubbo project in western New South Wales and while the Dubbo orebody (which was discovered more than 30 years ago) is rich in a variety of elements, including zirconia and niobium, it’s the neodymium that’s the main attractions.
Since the start of the year, ASM’s share price has risen by 33% from $6.58 to $8.70, valuing the business at $1.2 billion.
This is in his articleAn emerging rare earth success storyIf...
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Last
78.0¢ |
Change
-0.025(3.11%) |
Mkt cap ! $141.2M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 81.0¢ | 77.5¢ | $427.1K | 536.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2053 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ASM (ASX) Chart |